https://newsletter.en.creamermedia.com
Packaging|Paper|Packaging|Operations
Packaging|Paper|Packaging|Operations
packaging-company|paper|packaging|operations

Tribunal prohibits Corruseal, Neopak merger

22nd February 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

The Competition Tribunal on February 22 issued an order prohibiting the proposed intermediate merger between paper and packaging company Corruseal Group and recycled containerboard and paper company Neopak Holdings.

The tribunal says its reasons for this decision will be issued in due course.

Corruseal and Neopak had approached the tribunal with a request for consideration, after the Competition Commission prohibited the proposed transaction on grounds that it would likely result in a substantial prevention or lessening of competition.

In their request for consideration to the Tribunal, Corruseal and Neopak sought to have the proposed merger unconditionally approved by the tribunal or, alternatively, approved subject to conditions.     

The tribunal’s order follows a hearing held in November and December 2022 and February this year, during which several factual witnesses as well as economic experts testified before the tribunal.

The tribunal had also granted Mpact Operations and APL Cartons specific intervention rights after the firms brought applications to intervene in the matter. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (08/11/2024)
8th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.868 1.021s - 177pq - 2rq
Subscribe Now